Solar Panel Cost Guide in Shelbyville, TN (2024 Update)
- Shelbyville Solar Installation Cost: $19,814
- 25-Year Savings: $5,433
- Payback Period: 25.8 Years
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Average Cost of Solar Panels in Shelbyville
Find out what the average cost of solar panels are in Shelbyville.
The average cost of a solar system in Shelbyville is 4 per watt.To account for the typical energy usage of the average home in Shelbyville, most homeowners require a 7.9-kilowatt system. Using the per-watt figure above, a solar installation costs about $19,814, or $28,334 before the federal solar tax credit of 0 is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy consumption, the type of solar system you want, your solar contractor and more.Many homeowners find going solar is a sound investment. The average homeowner in Shelbyville can save about $9,700 on their power bills over 20 years.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Shelbyville
| Year | Return on Investment |
|---|---|
| 1 years | $-18,250 |
| 3 years | $-15,120 |
| 5 years | $-11,991 |
| 7 years | $-8,861 |
| 9 years | $-5,732 |
| 11 years | $-2,602 |
| 13 years | $527 |
| 15 years | $3,657 |
| 17 years | $6,786 |
| 19 years | $9,916 |
| 21 years | $13,045 |
| 23 years | $16,175 |
| 25 years | $19,304 |
Top Solar Installers in Shelbyville
Many homeowners choose to use a solar panel company since trying to put up solar panels on your own can be time-consuming. Plus, if you’d like to maximize your investment in solar power, going with a solar installer can help with that too. Different providers can offer warranties, expertise on installation and sometimes even information on local incentives.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some in Shelbyville:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Shelbyville
Factors that Affect Solar Panel Costs in Shelbyville
While the average cost of a solar system in Shelbyville is $19,814, your final cost may be above or below the average. There are several factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to pay around $3,580 per kilowatt in Shelbyville.The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your power bills. Additionally, extra products, like solar batteries, can bring your total well above the Shelbyville average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are available from most installers in Shelbyville, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable.However, the interest on solar loans also adds to your total costs, so it’s crucial to consider that as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
Lastly, the company you get to install your solar panel system can impact how much it costs. Shelbyville’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Shelbyville are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.72 | $15,637 | $-1,056 | 26.8 years |
| 8 kW | $3.65 | $20,449 | $-1,008 | 26.3 years |
| 10 kW | $3.58 | $25,060 | $-758 | 25.8 years |
| 12 kW | $3.51 | $29,471 | $-309 | 25.3 years |
| 14 kW | $3.44 | $33,681 | $342 | 24.7 years |
| 16 kW | $3.37 | $37,690 | $1,192 | 24.2 years |
| 18 kW | $3.29 | $41,499 | $2,243 | 23.7 years |
| 20 kW | $3.22 | $45,108 | $3,495 | 23.2 years |
How to Save on Solar Panels
There are numerous companies available in Shelbyville, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Contract: Though reading through a contract can take a lot of time, it’s important to do it carefully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Solar Panel Brands: Different companies will offer various brands and types of panels. If you want a specific brand, make sure the solar panel installer you’re considering has it.
- Installation Process: Make sure you’re aligned with the installer in regard to how the installation process will go and what you need to do before your solar system is installed, such as updating or replacing your electrical system or roof.
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Shelbyville, TN Solar Cost FAQs
How much does it cost to install solar panels in Shelbyville?
The average cost of solar panels in Shelbyville is about $17,900 for a 5-kW system and $35,800 for a 10-kW system before the ITC, but the actual cost will depend on things like the model of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Shelbyville?
A solar panel system isn’t free in Shelbyville, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
How will installing solar panels impact how much my home is worth?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.